Currency watch: Rupee slips to record closing low of 88.35 vs US dollar; strong dollar index, crude gains add pressure

The Indian rupee plummeted to a record low of 88.35 against the US dollar, pressured by ongoing trade tensions between India and the US, continuous foreign fund outflows, and rising crude oil prices. Despite positive domestic equities and diplomatic efforts, the rupee faces headwinds from a stronger dollar and importer demand. Currency